Investing in Original Art 101
More and more people are beginning to see the value in investing in art. In this blog post, we will discuss why art is a good investment and provide some key advice for beginners on how to get started.
Original Art is a Long-Term Reliable Investment
One of the main reasons why art is a good investment is because it holds its value over time. This was especially true during the 2020 pandemic where other markets fluctuated significantly while the art market remained stable.
All artists at Kefi Art Gallery increase the value of their pieces by at least 5% a year. It is nice to know that the price of your piece is slowly going up, no matter if you are planning to resell your work one day or pass it down to your children to enjoy for the years to come.
Sarah Sky, Tropicalia, Mixed Media, 60 x 42 inches, Learn More
Passion & Prestige
Another reason to invest in art is because you have a genuine interest in it. When you invest in something that you're passionate about, you're more likely to do your research and learn everything there is to know about it.
If you are intrigued by a particular artist, you can gain a lot of knowledge by browsing our website, talking to Kefi Art Gallery's art advisor and sourcing rare finds in your growing collection. Having a collection of art also holds a certain level of prestige that other asset classes do not, a great talking point at dinner parties.
Patrick Skals, Death to the Ego, Acrylic on Canvas, 48 x 60 inches, Learn More
How to Invest in Art
1.Set a goal. Do you want to make a profit, or are you more interested in collecting art for your own enjoyment? Ideally, it should be both, art like any investment cannot guarantee a return, it is therefore important that you are interested in the art you invest in for its own merit.
2.Research. Identify the type of art you might like to invest in. It is important at this stage to really figure out what speaks to you personally, ensuring you have a genuine interest in the type of art you collect as you will be their custodian for a long time.
3.Seek out an Expert. Once you have done your own independent research and you have better idea of what you might be after, it is time to seek the help of an art professional. The right person will have the experience and knowledge required to help you navigate the art world and find the best pieces to invest in.
4.Decide on your budget. it is important that you have a clear idea of how much you are willing to spend.
5.Make an informed decision. Seek the help of an expert who can appraise that artwork as well as inform you of the potential investment value over time and organize shipping and installation.
Synnöve Seidman, The Thread, Acrylic on Wood Panel + Resin Coat, 30 x 30 inches, Learn More
Invest in art you love! While it is true that art is not a liquid asset, it can be a very smart investment.